Global Heating Element Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Heating Element Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Heating element is a heating device converts electricity into heat through the process of resistive or Joule heating. Electric current passing through the element encounters resistance, resulting in heating of the element. Unlike the peltier effect, this process is independent of the direction of current flow.

According to our (Global Info Research) latest study, the global Heating Element market size was valued at US$ 9839 million in 2023 and is forecast to a readjusted size of USD 13420 million by 2030 with a CAGR of 4.6% during review period.

Global core heating element manufacturers include Zoppas Industries, NIBE Industrier AB, Watlow (Tinicum) etc.The top 5 companies hold a share about 25%.Geographically speaking, China holds about 40% of global market share, followed by Europe with about 30% share. In terms of type, tubular heaters segment holds an important share of over 20%. In terms of application, appliances segment accounts for over 30% of the total share.

This report is a detailed and comprehensive analysis for global Heating Element market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Heating Element market size and forecasts, in consumption value ($ Million), sales quantity (M Units), and average selling prices (US$/Unit), 2019-2030

Global Heating Element market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Units), and average selling prices (US$/Unit), 2019-2030

Global Heating Element market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Units), and average selling prices (US$/Unit), 2019-2030

Global Heating Element market shares of main players, shipments in revenue ($ Million), sales quantity (M Units), and ASP (US$/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Heating Element

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Heating Element market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Zoppas Industries, NIBE Industrier AB, Watlow (Tinicum), Zhenjiang Dongfang Electric Heating Technology, Hangzhou Heatwell Electric Heating Technology Co., Ltd., Tutco, Sino-Japan Electric Heater, Headway Electric Heat Components, Thermowatt (Ariston Thermo), Tempco Electric Heater Corporation, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Heating Element market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Immersion Heaters
Tubular Heaters
Circulation Heaters
Band Heaters
Strip Heaters
Coil Heaters
Flexible Heaters
Other Types

Market segment by Application
Chemical Industry
Pharmaceutical Industry
Transportation
Appliances
Others

Major players covered
Zoppas Industries
NIBE Industrier AB
Watlow (Tinicum)
Zhenjiang Dongfang Electric Heating Technology
Hangzhou Heatwell Electric Heating Technology Co., Ltd.
Tutco
Sino-Japan Electric Heater
Headway Electric Heat Components
Thermowatt (Ariston Thermo)
Tempco Electric Heater Corporation
Thermon Group Holdings, Inc.
Spirax-Sarco Engineering plc
Minco Products, Inc.
Tamman
Hotset GmbH
OMEGA(Spectris plc)
Durex Industries
Indeeco
Holroyd Components Ltd.
Wattco
Industrial Heater Corp.
Friedr. Freek GmbH

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Heating Element product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Heating Element, with price, sales quantity, revenue, and global market share of Heating Element from 2019 to 2024.

Chapter 3, the Heating Element competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Heating Element breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Heating Element market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Heating Element.

Chapter 14 and 15, to describe Heating Element sales channel, distributors, customers, research findings and conclusion.